The Occupy Wall Street movement in New York City may be on its last legs, according to the New York Post. Since the group set up camp near Wall Street six months ago — starting a movement that has evolved into a global phenomenon — donations have slowed.
A report released by the Occupy Wall Street’s accounting group indicated that the group could be out of money in three weeks. The group had $44,828 in its general fund as of March 2 and an additional $90,000 set aside to bail out protesters during upcoming protests. The group raised only about $1,500 in the week ending March 2 while spending about $45,000 on the group’s kitchen, street medics, New York bus and subway passes and printing costs. The report was posted on the group’s website.
Occupy Wall Street spokesman Ed Needham said, “The success of the movement has never depended on money. Occupy Wall Street is about our abundant human resources — the creative talent, dedication and sweat equity of people here and elsewhere that have decided to stand up against a corrupt and unjust society run by a powerful, elite few.”
Occupy Wall Street has raked in more than $700,000 in donations since its inception, despite criticism for its perceived lack of direction and focus.
The movement’s organizers expect donations to increase this spring when they launch “American Spring.” They are planning a march for March 17 to celebrate the group’s sixth-month anniversary.
Christine Crowther of the Occupy Wall Street accounting group told Reuters that the group had “a lot planned for the spring, and we fully expect the money will start flowing in again.”
Read more at the New York Post.